15. As per the statement given on 24 June 2013, Companies planning to apply for bank licenses will be allowed how much percent foreign direct investment (FDI) in their holding companies?
1) 100%
2) 49%
3) 51%
4) 24%
5) 71%

16. Which international monetary organization granted $110 million to help Urban services in Jammu and Srinagar on 17 May 2013?
1) World bank
2) IMF
3) Asian Development Bank
4) International Development Association
5) International Finance Corporation

17. Maturity of Inflation Indexed Bonds issued by RBI on 15th May 2013 is?
1) 5 years
2) 20 years
3) 10 Years
4) 14 years
5) 100 years

18. Clean Note Policy issued by RBI on 14 May 2013. As per RBI, on average what percentage of notes is disposed off after getting solid every year?
1) 50%
2) 2 %
3) 20%
4) 18%
5) 100%

19. Closed-end fund scheme means?
1) A scheme of an investment company in which a nonfixed number of shares are issued
2) Offer of a company to close the business at the end of year
3) A scheme of an investment company in which a fixed number of shares are issued
4) Company's offer to sell the assets at the lowest rate
5) None

21. Aim of Swavalamban is?
1) To encourage the people from the unorganised sector to voluntarily save for their retirement
2) To encourage the people to seek educational courses through distance education system
3) To ask the Non-organised sector people
to boycott their work and join in the government service
4) To encourage the house hold sector to save money
5) None

22. Operation Ganga Prahar relates to?
1) central government initiative to plant trees on the banks of Ganga River
2) banning the use of motor boats by piligrims in Ganga river
3) central government initiative to clean ganga river with the aid of local people
4) operation of Army to demolish the unauthorized construction of Buildings on the banks of Ganga River
5) rescue operation of Army to rescue the stranded pilgrims in Uttarakhand

28. As per the report of 68th round of National Sample Survey Office (NSSO) released on 20 June 2013, What is the average monthly per capita expenditure (MCPE) of the poorest of the poor in the country?
1) Rs.700.50 in urban areas and Rs. 521.44 in rural areas
2) Rs.600.50 in urban areas and Rs. 421.44 in rural areas
3) Rs.700.00 in urban areas and Rs.121.44 in rural areas
4) Rs.1000 in urban areas and Rs. 500 in rural areas
5) Rs.850 in urban areas and Rs.400 in rural areas

29. By which year, India surpass China to become most populous country in the world as per the estimates of United Nations report?
1) 2050
2) 2028
3) 2040
4) 2065
5) 2100

30. Details of Uttarakhand state given. Locate the wrong option?
1) Uttarakhand is also referred as Dev Bhumi (Land of Gods)
2) On 9th November 2000, it was formed as 27th state of Republic of India
3) Vijay Bahuguna is the present Chief Minister of state
4) Nainital is the capital of state
5) Badrinath and Kedarnath, the Hindu's important pilgrim destinations are in this state

33. If the Reverse Repo Rate increases, then bank...?
1) funds increase as they never give funds to RBI
2) funds go to overseas
3) has to close business
4) funds decrease, as bank lend the funds to RBI due to rate hike
5) None

37. As per the Annual monetary policy statement 2013-2014 announced on 3 May 2013, which of the following BRICS nations showed the accelerated growth during 2012?
1) South Africa and Brazil
2) India and China
3) South Africa and China
4) China and Russia
5) Russia and Brazil

3.Fixed deposits and recurring deposits are?a) Repayable after an agreed period b) Repayable on demand c) Not repayable d) Repayable after death of depositorse) Repayable on demand or after an agreed period as per bank's choice

4.Accounts are allowed to be operated by cheques in respect of? a) Both savings bank accounts and fixed deposit accounts.b) Savings bank accounts and current accounts.c) Both savings bank accounts and loan accounts.d) Both savings bank accounts and cash accounts only.e) Both current accounts and fixed deposit accounts.

5.Which of the following is correct statement?a)No interest is paid on current deposit accounts.b)Interest is paid on current accounts at the same rate as term deposit accounts.c) The rate of interest on current accounts and savings accounts are the same. d) No interest is paid on any deposit by the bank.e) Savings deposits are the same as current deposits.

7.Financial inclusion means provision of ?a) Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bankb) Ration at affordable cost to persons not yet given the samec) House at affordable cost to persons not yet given the samed) Food at affordable cost to persons not yet given the samee) Education at affordable cost to persons not yet given the same

8. When a bank returns a cheque unpaid, it is called?a) Payment of the chequeb) Drawing of the chequec) Canceling of the chequed) Dishonour of the cheque e) Taking of the cheque

10.Which of the following types of accounts are known as 'Demat Accounts'?a) Accounts which are Zero Balance b) Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from therec) Accounts in which shares of various companies are traded in electronic formd) Accounts which are operated through internet banking facility e) None of the above

14.What is a stale cheque?a) A cheque issued without drawer's signature.b) A cheque with only signature of the drawer.c) A cheque which has completed 3 months from the date of its issue.d) Any one of the above.e) None

15.Interest on savings bank account is now calculated by banks on?a) Minimum balance during the month b) Minimum balance from 7th to last day of the monthc) Minimum balance from 10th to last day of the monthd) Maximum balance during the month e) Daily product basis

3. Government of India withdrawn coins of denomination of 25 paise and below from circulation with effect from.....?
1) 30 July 2011
2) 30 June 2011
3) 30 June 2012
4) 30 June 2010
5) 1 June 2013

4. Who was appointed as the President of the Asian Development Bank (ADB) by the Board of Governors at New Delhi on 27 April 2013?
1) Jim Yong Kim
2) Christine Legarde
3) Takehiko Nakao
4) Mario Draghi
5) None

5. To whom the world bank granted a concessional loan of $100 million for the implementation of low-income housing scheme?
1) HDFC
2) ICICI
3) SBI
4) RBI
5) National Housing bank

6. On 4 April 2013, K.H.Muniyappa, the Minister of State (Independent Charge) of the Ministry of Micro , Small and Medium Enterprises (MSME) given the statement. His statement does not include.....
1) MSME sector contribute 9% of GDP
2) It accounts for around 45% of the manufacturing output
3) It contributes 36% of total value of exports
4) The sector has been growing consistently above 10% for the last five years
5) The sector will be removed from the Priority Sector lending

10. Under whose chairmanship, the Group of Ministers (GoM)was set up to make a law to provide for the independence of the Central Bureau of Investigation (CBI) and its functional
autonomy?
1) Chidambaram
2) Ranjith Sinha
3) Alok Joshi
4) Bikram singh
5) S.A.Ibrahim

15. Factoring means?
1) business of buying trade debts at a discount and making a profit when debt is realized
2) giving loans to factories by the commercial banks at concessional rates
3) banning the banks not to give loans to factories at lower rate of interest
4) buying of customers assets whenever he did default in the payment of money
5) None

20. Consider the following statements?
i) Roshni is the skill development scheme launched on 7 June 2013 by the ministry of Rural Development
ii) It aims to provide training and employment to youth in the 10-35 years age group
iii) It was launched in 24 Naxal-affected districts
iv) It is a 100-crore project and is funded by union and state governments, with the union providing 75% of the funding
Which of the above statements is/are correct?
1) ii iii
2) ii iv
3) i ii iii iv
4) ii
5) None

24. The correct statement is?
1) During the visit of Man Mohan singh in Thailand, a sapling of the sacred bodhi tree in Bodh Gaya given as a gift to Thailand king Bhumibol Adulyadej
2) $ 5.2 billion humanitarian fund will be given by UNO to Syria
3) World's largest concentrated solar power plant launched by UAE by name Shams I
4) From 1 April 2013, Myanmar allowed the circulation of private newspapers after 50 years
5) All of above

27. On 13 June 2013, RBI slapped fine on new generation private banks. The main reason is for?
1) not opening of No Frill accounts for BPL families
2) not opening of ATM in onsite premises as promised by Finance minister in the budget
3) not issuing new currency notes to customers
4) giving of advertisements about personal loans in news papers
5) violating rules of KYC (Know Your Customer)

30. World Oceans day celebrated on?
1) 8 April
2) 8 May
3) 8 June
4) 8 February
5) 8 January

31. Pages stained with blood, Ramayana from Ganga to Brahmaputra, Melodies and Guns, The Moth-Eaten Howdah of the Tusker, The shadow of Kamakhya, The Man from Chinnamasta are the works of?
1) Indira Goswami
2) Nehru
3) Gandhi
4) Sarojini Naidu
5) Chetan Bhagath

32. In which country Bank of Baroda opened its 100th overseas branch on 28 March 2013?
1) USA
2) UK
3) South Africa
4) Dubai
5) Australia

33. Savings account become inoperative, if?
1) cash deposited in another branch not intimated to the parent branch
2) amount withdrawn by ATM exceeds Rs.50,000
3) net banking done on 31st of the month
4) not operated at all during certain period as per the bank rules
5) None

34. Lakulish Yoga University is the first Yoga university in India, inaugurated on 23 May 2013 at?
1) Mumbai
2) Ahmadabad
3) New Delhi
4) Patna
5) Haridwar

Thursday, 20 June 2013

1. By increasing repo rate, the economy may observe the following effects ______a) Rate of interest on loans and advances will be costlier. b) Industrial output would be affected to an extent.c) Banks will increase rate of interest on deposits. d) Industry houses may borrow money from foreign countries. e) All of these.

3. Which of the following schemes is launched to provide pension to people in unorganized sectors in India?a) Swabhiman b) Jeevan Dhara c) Jeevan Kalyan d) ASHA e) Swalamban

4. A cheque returned for insufficiency of funds. Payee will have right to notice and approach court of law for justice under section 138 of which act?a) Indian Penal Code b) Negotiable Instrument Act c) Criminal Procedure Coded) Payment and Settlement Act e) Indian Contract Act

5. Mr. Rajendra had filled a complaint with Banking Ombudsman but is not satisfied with the decision. What is the next option before him for getting his matter resolved?a) Write to the CMD of the Bank.b) File an appeal before the Finance Minister.c) File an appeal before the Banking Ombudsman again. d) File an appeal before the Dy. Governor RBI. e) Simply close the matter as going to court involves time and money.6. Which of the following is an example of Financial assets?a) National Saving Certificate b) Infrastructure Bonds c) Indira Vikas Patra d) Krishi Vikas Patra e) All of these

8. Insurance cover for bank deposits in our country is provided by ____a) SBI b) Govt of India c) GIC d) LIC e) DICGC9. The Financial Literacy does not include which of the following?a) How to invest the fundsb) How to use the limited funds carefullyc) How to minimize the risks d) How to reinvest the money earnede) None of these

14. What is the maximum period for which domestic term deposits are normally accepted by the banks in our country?a) 3 yr b) 5 yr c) 7 yr d) 10 yr e) 12 yr

15. If you wish to purchase some US Dollars for your travel abroad, you should approach?a) The ministry of finance b) The US Embassyc) Any Bank Branch authorized to do such activity d) The Reserve Bank of India e) External Affairs Ministry

16. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news?a) Liquidity b) Least c) Liabilities d) Long e) Liquid

17. Which of the following is not classified as a Commercial Bank?a) Public Sector Bank b) Foreign Bank c) Private Sector Bank d) Regional Rural Bank e) Urban Cooperative Bank

18. Which of the following is not the name of the a Banking Organization?a) HDFC b) IDBI c) YES d) SEBI e) ICICI

19. Money laundering means _____a) Hiding of income source mainly to avoid income taxb) Money acquired from undisclosed sources and deposited in foreign banksc) Money acquired from undisclosed sources and deposited in foreign banksd) Process of conversion of money obtained illegally to appear to have originated from legitimate sources to convert black money into white money.e) Money acquired from drug trafficking

20. Monetary Policy as an arm of the economic policy is administered by _____a) Government of India b) RBI c) SBI d) Govt of the respective statese) None 21. Which of the following is not a primary function of a Bank?a) Granting loans b) Collecting cheques/ drafts of Customersc) Arranging VISA for students for abroad education d) Issuing bank drafts e) Selling Gold/Silver Coins.

Friday, 14 June 2013

2. The Reserve Bank of India imposed fine on which of the following private sector banks for violation of KYC (Know Your Customer) norms in June 2013? 1) Axis Bank 2) HDFC Bank 3) ICICI Bank 4) Both 1 and 2 5) All 1, 2 and 3

3. Rafael Nadal of Spain won the French Open Men's Lawn Tennis Grand Slam title for a record 8th time. Whom did he defeat in the final in Paris in June 2013?1) Roger Federer 2) Novak Djokovic 3) David Ferrer 4) Andy Murray5) Jo Wilfred Tsonga

4. Who was appointed the United States National Security Adviser in June 2013? 1) Samantha Power 2) John McCain 3) Lindsey Graham 4) Susan Rice 5) John Kerry

5. Who won her second French Open Women's tennis title in Paris on June 8, 2013?1) Maria Kirilenko 2) Maria Sharapova 3) Jelena Jankovic 4) Victoria Azarenka 5) Serena Williams

6. Who was re-elected as the Chairman of the Indian Banks' Association (IBA) for 2013-14 tenure in June 2013?1) Aditya Puri 2) Pratip Chaudhuri 3) Rana Kapoor 4) K.R.Kamath 5) B.A.Prabhakar

7. The headquarters of European Union is situated in which of the following countries?1) UK 2) Germany 3) France 4) Belgium 5) Netherlands

8. The name 'Bluetooth' gets its name from a 10th century king of?1) China 2) Denmark 3) Greece 4) Thailand 5) Spain

18. Which of the following terms is used in the field of finance and banking?1) Metabolism 2) Genetic process 3) Centrifugal force 4) Debt instrument 5) Experimental error

19. The National Social Security Fund (NSSF) helps which of the following groups of society?1) Bank employees 2) Central government employees 3) Workers in the unorganized sector 4) Workers in the textile industry5) Women employees

20. Which of the following tools is used by the RBI to control credit and monetary situations of the markets?1) RTGS 2) NEFT 3) ECS4) CRR 5) Balance of trade

21. Which of the following countries is located in South America?1) South Sudan 2) South Korea 3) Uganda 4) Angola 5) Uruguay

22. Which of the following is the currency of Myanmar? 1) Taka 2) Dinar 3) Kyat 4) Yen 5) Dollar

23. Which of the following terms is not used in the field of Economics?1) Net income 2) Cost of project 3) Flow of fund 4) Balance sheet 5) Cold chain

24. Reverse Mortgage scheme is designed keeping which of the following groups of society in consideration? 1) Defense personnel 2) Senior citizens 3) Youngsters who just started earning 4) Dependent women 5) None of these

25. What happens when an economy is in recession?1) GDP growth slows down 2) Unemployment rate rises 3) Bankruptcies rise 4) Both 1 and 2 5) All 1, 2 and 3